Home Values

06840 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,355,100

  • 2.3% 1-year change
  • -0.2% 1-year forecast

The median home value in 06840 is $1,355,100. 06840 home values have gone up 2.3% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in 06840 is None.

Foreclosures will be a factor impacting home values in the next several years. In 06840 1.3 homes are foreclosed (per 10,000). This is the same as the New Canaan value of 1.3 and also lower than the national value of 3.5

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 06840 homeowners underwater on their mortgage is 4.0%, which is higher than New Canaan at 3.9%.

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Relative ZHVI
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06840 Market Overview

Data through May 31, 2015
  • $1,355,100 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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06840 Market Health

Data through May 31, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 4.0% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

1.3 homes 06840
1.3 homes New Canaan
3.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
06820 $1,321,700
10576 $832,300
06897 $721,400
Name Median ZHVI
06903 $670,500
06905 $467,300
06907 $406,600
Name Median ZHVI
06906 $375,000
06851 $358,400
06850 $342,700

Listings & Sales

  • No data
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06840 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $6,367 06840
    $6,304 New Canaan
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $2.30 Rent list price / sq ft
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